Watu

Ugandan startups raised $19m in the first half of 2024, as per Africa: The Big Deal data. Overall, African countries raised $780m which is a 57% decline from what African startups managed to raise in H1 2023. It is also a 31% decline from what was raised in H2 2023.  The $19m raised by Ugandan startups was good enough for 7th on the continent. Kenya was the most attractive destination for funding, attracting $244m in H1 2024, edging out the other big four members; Nigeria ($172m), Egypt ($101m) and South Africa ($85m). Together, the big four accounted for 79% of…